Daily Crypto Signals: Bitcoin Holds Above $103K, XRP Targets Key Breakout Levels

Quick overview

Bitcoin continues its impressive rally above $100K with strong institutional support, while XRP shows promising technical signals as it enters a pivotal trading range against Bitcoin. Market participants remain confident despite macroeconomic headwinds.

Crypto Market Developments

Though macroeconomic difficulties, Bitcoin keeps strength over the $100,000 threshold, so the market shows conflicting signals. On the institutional front, on May 14 spot Bitcoin ETFs had net inflows of $320 million, demonstrating ongoing investor confidence. After declining to pay a $20 million ransom following an insider data leak, Coinbase is handling a significant security breach that could cost the exchange up to $400 million in remedial and refund charges.

In other noteworthy events, Telegram closed hundreds of accounts linked to Haowang Guarantee—formerly Huione Guarantee—said to be “the largest darknet marketplace to have ever existed.” Allegedly supporting crypto frauds and criminals, the marketplace declared it would stop running following the ban wave.

Bitcoin Struggles at $105,000 Resistance

Since May 10, Bitcoin BTC/USD has been trying to break clearly above the $105,000 mark; it presently trades around $103,500. Market mood is still positive despite this consolidation; Eric Trump, co-founder of American Bitcoin mining company, said at the Consensus 2025 conference that “everybody in the world is trying to hoard Bitcoin right now,” from sovereign wealth funds to rich families and major corporations.

Leveraged long positions have less demand; the Bitcoin futures premium dropped from 7% to 5%, almost reaching the neutral-to- negative range. Given Bitcoin’s price has closely followed stock market swings, this fall seems connected to more general macroeconomic instability. On May 15, the S&P 500 futures reversed; at that same time, Bitcoin recovered from $101,800 to $104,000.

Notwithstanding these obstacles, data on Bitcoin options reveals great trust in the $100,000 support level; put options trade at a discount relative to call options. Though with strong leveraged bullish bets, the view of Bitcoin is progressively changing from a risk-on asset to a non-correlated instrument, which could lower the possibility of significant market corrections even without such positions.

Democrats, who have demanded probes and suggested laws meant to restrict possible financial advantages by the Trump family from crypto-related operations, have grown concerned about the family’s increasing engagement in crypto projects. Amid continuous investigation, Senate Democrats have stopped supporting a bipartisan stablecoin bill; still, a second voting session can occur as soon as May 26.

XRP Looking to Rally Against Bitcoin?

Re-entering a key trading range against Bitcoin, XRP XRP/USD has generated buzz since technical signals point to a possible breakout. Now back inside a significant triangle formation, the XRP/BTC trading pair is under observation as a major price range by market analyst Egrag Crypto.
For XRP/BTC three main price objectives have surfaced:

Representing the top limit of the triangle $0.00003430, the local high from XRP/BTC’s latest rally $0.00004300, matching the Fibonacci 1.0 level and XRP/BTC’s previous cycle high

A successful rise beyond these levels could indicate the start of a macro rally, hence perhaps releasing access to further Fibonacci extension levels including 1.272 Fib ($0.00007244), 1.414 Fib ($0.00009546), 1.618 Fib ($0.00014191), and finally 1.888 Fib ($0.00030000).

Analyzers caution XRP/BTC, however, that it “the last kind of defense for XRP/BTC’s bullish market structure,” must keep support around the 0.618 Fibonacci level ($0.00002032). Below this level might set off a fall to as low as $0.00000611. After falling below the triangle zone, XRP/BTC trades at about $0.00002516 and shows early signals of recovery.

Based on Glassnode data, XRP is currently valued as $2.35 and shows development equivalent to Solana’s 4-5% increase in 30-day capital inflows.

Solana Fails to Overcome $180 Resistance

Solana SOL/USD failed to show a position above this important milestone as its price lately approached resistance at $180. SOL, trading at about $169.56, has developed a megaphone formation on the 4-hour chart suggesting further volatility.

Technical study indicates that the top resistance trendline of the megaphone rests close to $185, matching instantaneous resistance at $180. A confirmed breakthrough over this level might drive SOL toward the first goal of the pattern at $210, therefore reflecting a possible 21% increase from present prices. Rising above the psychological $200 barrier might draw more purchasing power.

Failure to break $180, however, might cause a reversal toward the 100-day exponential moving average at $161 or the lower support of the pattern close to $150. On any breakthrough, volume confirmation will be absolutely vital since low volume may indicate a misleading movement.

With Glassnode seeing a 4% to 5% increase in 30-day capital inflows, matching XRP’s surge, Solana is attracting fresh investor interest. Months of outflows notwithstanding indicate rising demand in the Solana ecosystem through this trend reversal. Reflecting mounting momentum, the realized cap has risen from $4 billion to $78.5 billion as of May 14.

Solana’s robust performance is further validated by transaction data, therefore securing its second ranking among all the blockchains. Solana executed an amazing 731 million transactions over the previous week, much above Base (77.1 million) and trail only Hyperliquid (1.79 billion), so underscoring Solana’s superiority and appeal in the blockchain environment.

ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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